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Figure 12.2

Question 47

Multiple Choice

Figure 12.2: Figure 12.2: -Using Figure 12.2,if Q<sub>3</sub> represents full employment,then a shift from AD<sub>1</sub> to: A) AD<sub>2</sub> will result in a full-employment equilibrium at point Y. B) AD<sub>2</sub> will close the GDP gap. C) AD<sub>3</sub> will take the economy past full employment to equilibrium at point Z. D) AD<sub>3</sub> will result in a full-employment equilibrium at point X.
-Using Figure 12.2,if Q3 represents full employment,then a shift from AD1 to:


A) AD2 will result in a full-employment equilibrium at point Y.
B) AD2 will close the GDP gap.
C) AD3 will take the economy past full employment to equilibrium at point Z.
D) AD3 will result in a full-employment equilibrium at point X.

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